Brunswick Co. (NYSE:BC) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Brunswick Co. (NYSE:BC - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,075,845 shares of the company's stock after buying an additional 28,781 shares during the quarter. Principal Financial Group Inc. owned approximately 1.62% of Brunswick worth $90,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Brunswick by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock valued at $701,331,000 after buying an additional 160,531 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Brunswick by 2.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company's stock worth $191,964,000 after purchasing an additional 58,583 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Brunswick by 88.0% in the 2nd quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company's stock worth $176,903,000 after purchasing an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brunswick by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company's stock valued at $152,577,000 after purchasing an additional 144,416 shares during the period. Finally, American Century Companies Inc. grew its stake in Brunswick by 4.1% during the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company's stock worth $106,337,000 after buying an additional 57,605 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Transactions at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at $20,142,760.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO David M. Foulkes sold 23,829 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now owns 251,094 shares of the company's stock, valued at $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock valued at $2,321,176 in the last three months. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Price Performance

Shares of NYSE BC traded up $0.32 during midday trading on Friday, reaching $83.85. The company's stock had a trading volume of 355,392 shares, compared to its average volume of 649,359. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 20.86 and a beta of 1.51. The company has a 50 day moving average price of $81.01 and a 200 day moving average price of $78.85. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Brunswick's dividend payout ratio (DPR) is presently 41.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BC. JPMorgan Chase & Co. reduced their price target on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus dropped their price target on shares of Brunswick from $97.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. Citigroup lifted their price target on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Robert W. Baird decreased their price objective on Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, July 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of "Moderate Buy" and an average target price of $89.23.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.